India, Aug. 13 -- Fintech unicorn Navi is reportedly planning to file its draft red herring prospectus (DRHP) for an initial public offering (IPO) as early as December this year, with the proposed issue estimated at about Rs.3,000 Cr (about $314 Mn).

According to a Bloomberg report, citing sources, the IPO is expected to comprise a fresh issue of shares, with no offer-for-sale (OFS) component from existing shareholders.

Navi has also reportedly appointed JM Financial, Kotak Mahindra Capital, Goldman Sachs and JPMorgan as advisers for the proposed offering. However, deliberations are still ongoing, and details including the issue size, valuation and timing could change, the report added.

Navi declined to confirm the IPO speculations as ...